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Arletha Loos y4xX
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Tesla $TSLA falls 14% as Elon Musk clashes with President Trump.
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Arletha Loos y4xX
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The world stage is a big screen, and we're all just actors.#TrumpVsMusk $BTC
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X officially partners with crypto prediction platform 'Polymarket.' X, owned by Elon Musk, has partnered with Polymarket as its official prediction market partner. This partnership aims to bring transparent, market-based forecasting into the mainstream. Here's what's happening: While specifics are scarce, Polymarket odds and widgets will soon appear in X posts and livestreams, allowing users to bet on events like US elections and sports finals. The partnership has already boosted Polygon's price, as Polymarket operates on the Ethereum-based Polygon network. Elon Musk has previously praised Polymarket, saying it's "more accurate than polls, as actual money is on the line". He even cited Polymarket's prediction of Trump's lead over Kamala Harris by 3% in betting markets during the 2024 presidential election. The platform believes this partnership marks a new chapter for truth on the internet, with the future of news being "optimized for truth, rooted in transparency, and anchored in reality". This partnership could significantly change the crypto ecosystem, potentially increasing Polymarket's user base and mainstream adoption of crypto-based prediction markets. Some potential applications of this partnership include: Users can bet on various events, such as elections, sports, and global affairs, using cryptocurrency. Combining Polymarket's prediction market probabilities with X's real-time insights could provide contextualized, data-driven insights to millions of users. This partnership might drive more users to Polymarket and increase the adoption of cryptocurrency-based prediction markets. #Liquidity101 $BTC
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President Trump is criticizing the Federal Reserve, calling it a "disaster" and urging a 100 basis point interest rate cut. Here's what's behind his stance: Trump has been vocal about his dissatisfaction with the Federal Reserve's interest rate policies, often expressing frustration on social media. He believes lower interest rates would boost economic growth and make the US more competitive globally. Trump specifically called for a 100 basis point interest rate cut, echoing his previous demands for the Federal Reserve to lower rates. He argues this would stimulate economic growth and job creation. Trump's repeated attacks on the Federal Reserve have raised questions about the central bank's independence and potential implications for monetary policy. Some experts argue his comments could influence market expectations and Fed decisions. The US economy has shown resilience, but growth has been uneven. Trump's demands for lower rates come amid concerns about slowing job creation and global economic headwinds. Trump has historically been critical of the Federal Reserve's policies, even tweeting over 100 times about Fed policy during his presidency. His views on interest rates have shifted over time, previously criticizing low rates during the Obama administration. Some notable experts' perspectives on Trump's views include: An economics professor at the University of Oregon, Duy believes Trump was "right by accident" in his calls for lower rates, but questions the motivations behind Trump's comments. Chief economist at Stifel, Piegza notes that while Trump's demands might not align with traditional economic reasoning, the Fed's actions have validated some of his positions. Senior fellow at the Cato Institute, Selgin suggests presidents often prefer lower interest rates for economic growth, which can conflict with the Fed's goals.#MarketPullback $BTC
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🇺🇸 President Trump considers getting rid of his Tesla. President Trump is looking to sell or give away his Tesla Model S due to a public feud with Elon Musk. The two had a falling out over Trump's "Big Beautiful Bill," which Musk criticized as "pork-filled" and "debt slavery for the American people". Trump had purchased the Tesla as a show of support for Musk and the electric vehicle company, but now the car is reportedly unused at the White House. Public feud between Trump and Musk over the "Big Beautiful Bill" Tesla Model S with low mileage, single owner Parked unused at the White House, available for sale or potential giveaway Trump threatened to cancel federal contracts and subsidies for Musk's companies, including Tesla and SpaceX The feud between Trump and Musk has been intense, with both sides exchanging public criticisms. Musk even alleged that Trump is named in the "Epstein Files," while Trump said Musk "lost his mind". The Tesla's sale or giveaway would symbolize the end of their brief alliance.#TrumpVsMusk $XRP
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🇺🇸 US economy added 139,000 jobs in May, higher than expectations. The US economy actually added 272,000 jobs in May, surpassing expectations. The unemployment rate remained steady at 4%. The US economy saw significant employment gains across industries, including healthcare, leisure, hospitality, and local government. The rate has remained below 4% for 30 months, the longest stretch since 1970. Prime-age women's participation set a record high at 78.1%, contributing to the strong labor market. Healthcare, leisure, hospitality, and government sectors led job growth, while manufacturing and retail trade experienced declines. Economic forecasts suggest the labor market may slow down due to factors like: Potential tariff shocks could reverberate through the US and global economy, affecting labor market momentum. Declining net immigration flows may constrain labor supply dynamics. Growth is expected to downshift as tariffs weigh on households' purchasing power. Overall, the US economy shows resilience, but future growth may be impacted by various factors.#MarketPullback $BTC
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